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PREPAYMENTS | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2022 | Dec. 31, 2021
PREPAYMENTS |  |
PREPAYMENTS | NOTE 9 - PREPAYMENTS As of March 31, 2022, prepayments consist of the following:
|  | March 31, 2022 |  |  | December 31, 2021 |
Office furniture and renovation |  | $ | 1,124,480 |  |  | $ | 1,895,591 |
Office rental |  |  | 28,658 |  |  |  | 173,611 |
Ycloud system marketing and promotion service |  |  | 2,319,258 |  |  |  | - |
Block chain software and others |  |  | 616,052 |  |  |  | 691,456 |
|  | $ | 4,088,448 |  |  | $ | 2,760,658 |
As of March 31, 2022, there is a prepayment of approximate $1.1 million in relation of purchasing new office furniture as a result of new office renovation during the year, the renovation is expected to complete in April 2022. As of March 31, 2022, there is a prepayment of approximate $2.3 million and approximate $60,000 in relation of marketing & promotion services and block chain software development under YCloud system, which is expect to complete in February 2023 and June 2022 respectively. | NOTE 11 - PREPAYMENTS As of December 31, 2021, prepayments consist of the following:
|  | December 31, 2021 |  |  | December 31, 2020 |
Office furniture and renovation |  | $ | 1,895,591 |  |  | $ | - |
Office Rental |  |  | 173,611 |  |  |  | - |
Block chain software and annual fee |  |  | 630,291 |  |  |  | - |
Software licenses fee |  |  | 61,165 |  |  |  | 61,707 |
|  | $ | 2,760,658 |  |  | $ | 61,707 |
As of 31 December 2021, there is a prepayment of approximate $1.9 million in relation of purchasing new office furniture as a result of new office renovation during the year, the renovation is expected to complete in April 2022. As of 31 December 2021, there is a prepayment of $630,291 in relation of block chain software development under YCloud system, which is expect to complete in June 2022.

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